Day: September 29, 2010

Tax Auction Buyers…call us for “whats next” consultation.

September 29, 2010

Genesee county handles tax foreclosures a bit differently than other counties.

See the Land Bank site for a bit more info.

Tax Law Comparison Chart
Former Foreclosure Law
• 4-7 year process
• No clear title
• Hundreds of owners
• Low-end speculation
• Indiscriminate foreclosure

•• homeowners at risk

• Contagious blight
New Tax Law (PA 123 of 1999)
• 1-2 year process
• Clear title judgment
• Property titled to county
• Tax liens eliminated
• Hardship postponements
• Intervention